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Unformatted text preview: Underemployment : People seeking full-time paid employment who work only part-time or are employed at jobs below their capability. Seasonal unemployment : Unemployment due to seasonal changes in employment or labor supply Frictional unemployment : Brief periods of unemployment experienced by people moving between jobs or into the labor market Structural unemployment : Unemployment caused by a mismatch between the skills (or location) of job seekers and the requirements (or location) of available jobs Cylical unemployment : The unemployment attributable to the lack of job vacancies, that is, to an inadequate level of aggregate demand Naturual rate of unemployment : Long-term rate of unemployment determined by structural forces in labor and product markets...
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This note was uploaded on 02/14/2012 for the course ECON 20913 taught by Professor Rogerfrantz during the Fall '10 term at San Diego State.
- Fall '10